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9 October 2024 | 13 replies
Buy a townhouse in this development near where I live called Sea Colony:Details: $860k for a comfortable townhouse.Pros:Comfortable place to live for the next few years, and I’d still have liquidity to invest elsewhere.It is still in my current community where all of my friends live, so I would still be where I want to be location-wise.Will get appreciation.Cons:High HOA fees ($660/month) and potential 10k special assessment in the next few years.Likely won’t cash flow after we move, so unsure whether it would make sense to hold.3.
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9 October 2024 | 3 replies
The 90%/100% programs are out there for new investors, I know of 1 maybe 2 that will provide those terms to a new investor given:Credit is 750+Appraisal numbers came in fantasticThe zip code the house is in is a favorable one for an exitI've closed or oversaw the close of 100s of bridge loans, be happy to answer any questions you may have about it.If your ARV is 550k, that means you want your max project cost to be about 398k (72.5% of ARV), if you buy for 359k that leaves hardly any room at all for rehab costs.
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21 October 2024 | 176 replies
but you might inherit a special assessment for the balance.
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8 October 2024 | 11 replies
There is some blighted in that ZIP code.
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11 October 2024 | 7 replies
That company supports foreclose bidders they produce a document daily on all the sales with same info I mentioned above and color coded certain props with extra caution Red or Green for ready to go bid with confidence. although this created uber competition.
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13 October 2024 | 23 replies
It made all the difference, and he was able to get the loan for his personal home without a hitch.Another friend of mine found success by working with a mortgage broker who specializes in investor financing.
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9 October 2024 | 11 replies
Also, they know things about where you are working...Keep in mind that your municipality will have codes and regulations as well that can be hidden costs.
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8 October 2024 | 23 replies
Curious what made you decided to operate the house yourself instead of Oxford House or another tenant organization who specializes in this?
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14 October 2024 | 420 replies
IF anyone has the link for that training and the discount code, let me know please.
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10 October 2024 | 9 replies
The repairs may be eligible for bonus depreciation.I recommend working with an accountant that specializes in real estate taxation.